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Used Tesla Model 3 on Finance

Rates from 9.9% APR. A Representative HP Example: borrowing £10,000 over 60 Months with a representative of 16.35% APR, an annual interest rate of 16.35% (fixed) and a deposit of £0.00, the amount payable would be 59 repayments of £239.16 per month, with one final repayment of £249.16 (which includes the option to purchase fee of £10.00), with a total cost of credit of £4,349.41 and a total amount payable of £14,359.41.

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Rates from 9.9% APR. A Representative HP Example: borrowing £10,000 over 60 Months with a representative of 16.35% APR, an annual interest rate of 16.35% (fixed) and a deposit of £0.00, the amount payable would be 59 repayments of £239.16 per month, with one final repayment of £249.16 (which includes the option to purchase fee of £10.00), with a total cost of credit of £4,349.41 and a total amount payable of £14,359.41.

Getting a Tesla Model 3 on finance

  1. Research the Vehicle:

    • The Tesla Model 3 is an all-electric sedan from Tesla, a leader in EV technology.
    • Familiarise yourself with the available variants (e.g., Standard Range Plus, Long Range, Performance).
    • Determine the features and specifications you prefer, such as battery range, performance metrics, and interior options.
    • Check the current pricing for the desired trim level on Tesla's UK website or through local Tesla showrooms.
  2. Finance Options:

    • Personal Contract Purchase (PCP): Begin with a deposit, followed by monthly instalments. At the end, you can choose to make a balloon payment to own the car, return it, or start a new agreement.
    • Hire Purchase (HP): After a deposit, repay the car's value in monthly instalments. Upon completing all payments, the car is yours.
    • Personal Loan: Secure a loan from a bank or lender to buy the car outright, repaying the loan in monthly instalments.
    • Leasing: Rent the Model 3 for a fixed term and return it at the conclusion of the agreement.
  3. Obtain Quotes:

    • Tesla's website often has a finance calculator to provide an instant quote based on your chosen terms and deposit.
    • It's also wise to get quotes from banks and other finance providers to compare with Tesla's finance offer.
  4. Credit Score:

    • Your finance terms and the interest rate might be influenced by your credit rating.
    • Review your score with UK credit agencies like Experian, Equifax, or TransUnion.
    • Address any errors or discrepancies before applying for finance.
  5. Budget Considerations:

    • Set a monthly payment budget that aligns with your financial situation.
    • A heftier deposit usually results in lower monthly payments.
  6. Review the Contract Terms:

    • For PCP or lease deals, be aware of mileage restrictions.
    • Understand any fees or penalties associated with early termination or mileage overages.
  7. Negotiation:

    • Tesla has a fixed pricing model, meaning the price you see on the website is the price you pay. However, finance terms might be more flexible, so it's worth discussing with Tesla's finance department.
  8. Seal the Deal:

    • After agreeing to terms, complete any required paperwork.
    • Thoroughly understand all conditions and terms before signing.
    • Retain copies of all signed documents.
  9. Insurance:

    • Ensure you have the necessary car insurance before taking delivery of the Model 3.
    • Due to the car's electric nature and advanced tech, insurance might be different from traditional vehicles, so shop around for the best deal.
  10. End-of-Agreement Decisions:

  • With PCP: Decide whether to make the balloon payment, hand back the car, or enter a new finance agreement.
  • For HP: Once you've completed all payments, the car is yours.
  • If leasing, ensure the car is prepared for return and meets any stipulated return standards.
  1. Additional Costs:
  • As an electric vehicle, consider costs for home charging installations or upgrades.
  • Remember potential savings in road tax, congestion charges, and fuel savings when budgeting overall ownership costs.

When getting a used Tesla Model 3 on finance, it's essential to ensure the agreement aligns with your financial situation and future plans. Always seek advice from financial experts if in doubt.

About the Tesla Model 3

Enter the realm of electric innovation with the Tesla Model 3 – a shining beacon in the electric car revolution. Heralded as the accessible future of Tesla's vision for a sustainable energy ecosystem, the Model 3 is particularly enticing for UK drivers ready to transition to electric, without compromising on performance or luxury.

From Dreams to Driveways:

Announced in 2016, the Model 3 was Tesla's answer to the call for an affordable electric car. But unlike many 'budget-friendly' models from other automakers, Tesla didn't skimp on the features that made its brand synonymous with luxury electric vehicles. This commitment led to unprecedented pre-order numbers and a new wave of EV enthusiasts.

Driving into the Future:

The Tesla Model 3 isn't just an electric car; it's a glimpse into the future of motoring. With state-of-the-art autopilot capabilities, impressive acceleration rates, and a minimalist, yet luxurious interior, the Model 3 seamlessly blends efficiency with elegance. The car's range also assuages 'range anxiety' that many potential EV drivers face, offering long distances between charges.

UK’s Electric Shift:

As the UK government pledges to transition away from petrol and diesel, electric vehicles like the Model 3 are becoming increasingly important. In this landscape, the Model 3 competes with the likes of the Nissan Leaf, Jaguar I-PACE, and the Audi e-tron. Yet, Tesla's ever-evolving tech and supercharging infrastructure often give it a competitive edge.

Final Thoughts:

The Tesla Model 3 is more than just a car; it's a movement. For UK residents seeking an eco-friendly, tech-forward driving experience, this vehicle is undeniably a top contender. And with the growing focus on sustainable transportation, there's never been a better time to consider joining the electric revolution.

Tesla Model 3 Data by County

Tesla Model 3 data for the amount in stock, average price, age and mileage throughout the UK and by county.

CountyStockAvg PriceAvg AgeAvg MileageRecent Sales
All1,209£20,770545,6783,495
Aberdeenshire4£20,685549,30912
Angus2£21,645447,4033
Ayrshire1£19,698648,1574
Bedfordshire52£21,932547,983132
Berkshire30£22,089547,770104
Blaenau Gwent1£18,499528,957-
Bristol25£23,422450,06452
Buckinghamshire21£19,341554,59048
Cambridgeshire85£19,279555,098132
Cardiff9£19,146553,08523
Cheshire38£22,852430,36591
Cornwall2£20,747439,0012
County Antrim13£23,158441,34325
County Durham24£24,120434,02547
County Londonderry4£18,059663,62511
County Tyrone6£21,660445,91111
Cumbria1£23,195413,6491
Denbighshire1£15,995-69,000-
Derbyshire60£19,811551,857195
Devon9£19,326454,65842
Dorset6£27,869440,80124
East Lothian1£20,999520,456-
East Riding of Yorkshire25£21,255442,67672
East Sussex3£19,493560,9528
Essex28£20,109548,66176
Fife2£22,852519,1401
Flintshire4£16,245673,6536
Gloucestershire6£20,451551,78626
Greater London65£19,665452,427176
Greater Manchester81£18,789551,216285
Hampshire44£22,447433,873138
Herefordshire1£22,295525,8092
Hertfordshire32£22,084441,32783
Inverclyde1£18,995651,248-
Kent36£19,312547,610117
Lanarkshire10£22,532545,36330
Lancashire24£20,332540,565109
Leicestershire39£18,164567,527178
Lincolnshire22£20,874446,75251
Merseyside25£20,400442,48084
Merthyr Tydfil1£21,010353,876-
Midlothian3£21,492535,77111
Neath Port Talbot3£19,999526,333-
Newport5£22,847435,95710
Norfolk21£21,097451,88037
North Yorkshire29£22,941432,024123
Northamptonshire16£25,280439,38634
Nottinghamshire19£20,914548,01985
Oxfordshire3£21,475434,06915
Perth & Kinross2£21,748544,4109
Renfrewshire1£25,498414,2933
Rhondda Cynon Taf5£23,291440,0277
Shropshire3£20,796442,6339
Somerset7£20,023554,9045
South Yorkshire47£19,073565,60687
Staffordshire29£24,540334,066106
Stirling1£17,750734,2903
Suffolk11£18,650480,14324
Surrey24£19,966543,34965
Swansea4£17,924556,47113
Tyne and Wear17£20,107545,46454
Vale of Glamorgan2£18,230559,7544
Warwickshire6£19,308555,53018
West Lothian2£19,724558,6119
West Midlands41£20,993547,601205
West Sussex2£19,150551,92210
West Yorkshire54£22,510443,187117
Wiltshire5£21,516448,22219
Worcestershire2£16,698747,14710
Wrexham1£19,495642,3442
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